The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 31, 2025 for Yatin Sanjay Gupte
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Yatin Sanjay Gupte, a promoter of Wardwizard Innovations & Mobility Ltd, has created a pledge over 12,00,000 (Twelve Lakhs) equity shares of the company in favor of Radhamani India Limited. The pledge was created on 29th May 2025 and disclosed to BSE on 31st May 2025 under SEBI Takeover Regulations. The reason given for the pledge is to address a shortfall in a margin call, as per agreed terms with the pledgee, to comply with financial obligations. The pledged shares represent approximately 1.11% of the company's total share capital. The promoter already had certain shares encumbered prior to this event.
This pledge creation signals possible financial stress on the promoter, as pledging shares to meet margin call shortfalls is generally viewed negatively by investors and may raise concerns about promoter's liquidity position or risk exposure.